Two meetings to catch this week ~
The 12th Democratic RD Committee Meeting, Monday, April 16th, 7:00 pm - New Castle County Democratic Candidates will be addressing the group at Marbrook Elementary School, 2101 Centerville Road, Wilmington, DE - this is open to all registered DEMs. I have confirmation that we can expect to see Bill Dunn and Bill Shahan, candidates for NCC Council President and NCC Executive respectively.
And at 7PM Tuesday the 17th, Delaware Finance Secretary Tom Cook will make a presentation at the Civic League for New Castle County monthly meeting at the Delaware State Police Troop 2, 100 LaGrange Ave., Bear, in the Paris Community Room.
Chuck Mulholland, President, Civic League for New Castle County has some questions for the Secretary~
Regarding the above meeting and the matter of the bonded debt level for the State of Delaware, we are seeking the following information:
#1. Given a current (2012) amount of $1.7B compared to the 2002 amount of $709.9 M, can you outline the average $100M yearly increase over each of the past (10) years and provide the highest (5) different items( ie. specific capital projects) of increased expense each year during that time period?
#2. Is a yearly cost per resident available for that time period?
#3. Is a yearly amount of debt service payments available for that time period? What is the percentage amount necessary from yearly expenditures authorized by the General Assembly?
#4. What are the current projection(s) going forward, both for bonded debt amounts and debt service payments?
#5. Do the $1.7 B and $709.9M amounts, with all intervening amounts, include or exclude bond amounts for road construction and/or DelDOT project(s) ?
#6. Has the Department made any calculation(s) regarding the event of increased interest rates? If so, what are the plans going forward?
#7. Are all bond amounts for capital projects? If not, what is the amount outstanding as "General Obligation Bonds" and can you provide an overview of amounts and increases for this category over the same time frame?
#8. Can you provide an overview of income streams for the State and how these source(s) may have changed over the last (10) years?
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